GE to build solar manufacturing facility

April 7, 2011

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GE plans to build a $600 million facility that will manufacture thin-film solar panels in the U.S.

The facility will produce an annual capacity of 400 MW of PrimeStar Solar Inc. panels, a company in which GE has held a majority stake since 2008. The PrimeStar panel was recently named one of the most efficient by the National Renewable Energy Lab (NREL).

GE also has signed a 20 MW solar agreement with Invenergy to supply thin film solar panels and GE Brilliance inverters. Invenergy will install the products at an unnamed project site in Illinois and recently signed a power purchase agreement for the project.